Question
The flexible-budget variance for materials is $5,000 (U). The sales-volume variance is $13,000 (U). The price variance for material is $31000 (F). The efficiency variance
The flexible-budget variance for materials is $5,000 (U). The sales-volume variance is $13,000 (U). The price variance for material is $31000 (F). The efficiency variance for direct manufacturing labor is $7,000 (F). Calculate the price variance for materials
Select one: a. $36,000 favorable b. $13,000 unfavorable c. $36,000 unfavorable d. $6,000 favorable e. $35,000 unfavorable ___________________________ Perry Company has provided the following information:
Month Budgeted Sales
March $200,000
April 212,000
May 204,000
June 218,000
July 210,000
In addition, the gross profit rate is 40% and the desired inventory level is 30% of next month's cost of sales.
The purchase budget for june is : Select one: a. $129,360 b. $129,360 c. $380,040 d. $125,760 e. $124,920 f. $494,160 g. $163,920
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
12th edition
1305041399, 1285078586, 978-1-133-9524, 9781133952428, 978-1305041394, 9781285078588, 1-133-95241-0, 978-1133952411
